In financial accounting, a balance sheet is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as government or not-for-profit entity.

Australian Rare Earths Limited Balance Sheet Statement - Assets

As of 30 Jun 2024, The total current assets of Australian Rare Earths Limited (ASX:AR3) was around $8,537,434 which consisted of $7,605,032 of Cash, no Inventory and $812,262 of Net receivables. Current assets represent all the assets of a company that are expected to be conveniently sold, consumed, used, or exhausted through standard business operations within one year.

All amounts in AUD

Cash
$7,605,032
Current assets
$8,537,434
Total assets
$23,764,715

The latest balance sheet of Australian Rare Earths Limited also showed $15,052,980 of Property Plant Equipment and no Good will. Also there were no Intangible assets and no Other assets. The total assets including current and Intangibles/Deferred Long Term Asset Charges were $23,764,715.

Australian Rare Earths Limited Balance Sheet Statement - Liabilities

AR3's latest annual results shows the balance sheet has $315,761 of Accounts Payable. Also there were $643,754 of Short/Long term debt, no Long term debt, no Other Current liabilities and $1,173,535 of Total Current Liabilities. Current liabilities are a company's short-term financial obligations that are due within one year or within a normal operating cycle.

Account payable
$315,761
Current liabilities
$1,173,535
Total liabilities
$1,685,578

As per the 30 Jun 2024's annual report of Australian Rare Earths Limited, the total liabilities were $1,685,578.

AR3 Balance Sheet Statement - Stock Holder Equity

Stockholders' equity, also referred to as shareholders' equity, is the remaining amount of assets available to shareholders after all liabilities have been paid. It is calculated either as a firm's total assets less its total liabilities or alternatively as the sum of share capital and retained earnings less treasury shares. Stockholders' equity might include common stock, paid-in capital, retained earnings and treasury stock.

The latest Balance sheet of Australian Rare Earths Limited showed the total stock holder equity was $22,079,137 which consisted of $30,750,364 of Common stocks, $-11,498,492 of Retained earnings and no Other stock holder equity.

AR3 Balance Sheet Statement History

Following table shows the history of balance sheet for Australian Rare Earths Limited (AR3).

30 Jun 2024 30 Jun 2023 30 Jun 2022
Cash 7,605,032 14,981,232 12,635,020
Net Receivables 812,262 1,086,353 558,324
Inventory - - -
Total Current Assets 8,537,434 16,125,386 13,246,708
Property Plant Equipment 15,052,980 10,686,248 5,365,927
Good Will - - -
Intangible Assets - - -
Other Assets - - -
Deferred Long Term Asset Charges - - -
Total Assets 23,764,715 26,960,435 18,712,635
Accounts Payable 315,761 994,130 1,158,458
Short/Long Term Debt 643,754 224,508 62,227
Other Current Liabilities - - -
Long Term Debt - - -
Other Liabilities - - -
Total Current Liabilities 1,173,535 1,896,677 1,776,119
Total Liabilities 1,685,578 2,067,227 1,794,201
Common Stock 30,750,364 30,575,403 20,163,426
Retained Earnings -11,498,492 -8,382,207 -5,963,506
Treasury Stock - - -
Other Stockholder Equity - - -
Total Stockholder Equity 22,079,137 24,893,208 17,221,461
Net Tangible Assets 22,079,137 24,893,208 17,221,461

Australian Rare Earths Limited (ASX:AR3) Balance Sheet Statement FAQ

1. How much Cash Australian Rare Earths Limited has on their balance sheet?

As of 30 Jun 2024, Australian Rare Earths Limited (ASX:AR3) has $7,605,032 of Cash.

2. What's the long term debt of Australian Rare Earths Limited?

As per the latest Balance sheet of Australian Rare Earths Limited (ASX:AR3), it has no Long term debt.

3. How much share holder equity does Australian Rare Earths Limited has?

The Australian Rare Earths Limited (ASX:AR3)'s balance sheet shows that it has $22,079,137 of Total stock holder equity.